Is YFI compitator of bitcoin?

[EAA-ALLAH]

yearn.finance price today is $14,727.17 USD with a 24-hour trading volume of $276,324,138 USD. yearn.finance is up 8.29% in the last 24 hours. The current CoinMarketCap ranking is #39, with a market cap of $441,339,462 USD. It has a circulating supply of 29,968 YFI coins and the max. supply is not available. You can find the top exchanges to trade. So why we compare YFI as bitcoin competitors. It's a temporary hype in CMC.

It's a daily updates from coinmarketcap but price already more than bitcoin but ranked already below a lots of coins. YFI can't keep its price when YFI supplies will increase.

[Hometown]

Yearn.finance (YFI) already crossed the bitcoin price mark but impossible to replace position. Price not a factor in cryptocurrency market. It always unstable in nature and always pumping dumping. But daily trading volumes and number of investors and traders are also a prime factor in cryptocurrency market.

[Malam90]

yearn.finance price today is $14,727.17 USD with a 24-hour trading volume of $276,324,138 USD. yearn.finance is up 8.29% in the last 24 hours. The current CoinMarketCap ranking is #39, with a market cap of $441,339,462 USD. It has a circulating supply of 29,968 YFI coins and the max. supply is not available. You can find the top exchanges to trade. So why we compare YFI as bitcoin competitors. It's a temporary hype in CMC.

The total supply of YFI is 30000 and Circulating supply is 29968. May be its total supply and maximum supply is same. I have tried to find out but not there in their website and coinmarketcap. I believe its a temporary HYPE which game is about to end. Already those who participated in the boom period, now started to regret as its price daily decreases.

[Oxumare]

In fact, YFI founder Andre Cronje, who spreads this idea and works in the DeFi field, I think he knows the business.
Now, the Keep3r Network project has been released. Trading operations have begun on Uniswap. KP3R / ETH is being traded with the price of $ 100.

[highnayem34]

I think as it is why it appears YFI could be a competitor to Bitcoin. In any case, within the future in case DeFi will take over the crypto world, YFI will gotten to be the rank one in DeFi tokens and seem ended up the rank #1 in cryptocurrency.

[Bobcrypto]

I think YFI may not compete with BTC because bitcoin control's the crypto market. A fall in price of Bitcoin definitely affect the prices all altcoins in the market including YFI tokens.
In a nutshell, YFI is not a competitor of Bitcoin and may never be a bitcoin competitor in near future in my opinion.

[Oxumare]

In fact, YFI founder Andre Cronje, who spreads this idea and works in the DeFi field, I think he knows the business.
Now, the Keep3r Network project has been released. Trading operations have begun on Uniswap. KP3R / ETH is being traded with the price of $ 100.

Have you read this post I wrote yesterday?YFI's founder project KP3R .. started trading at $ 2 and saw an incredible $ 200. It has a volume of 35 million dollars.I bought it for $ 3 and sold it for $ 20. I regret

[KunotCoin]

I think it's not, Bitcoin has a store of Value, while Defi token YFI is just pure speculation and it will be destined to drop sooner or later.

[Oxumare]

As Bitcoin rises, it should rise in YFI.
But Bitcoin went up to $ 14,000. YFI is down to $ 10,000, when will it see $ 45,000? or when will it rise to $ 100,000 as some people say

[Vx1]

YFI is not a competitor to Bitcoin, YFI did have a price 3x more than Bitcoin.  But now Bitcoin overtakes YFI, and Bitcoin has the number one highest price again.  Bitcoin has no opponent, including YFI!

[EAA-ALLAH]

As Bitcoin rises, it should rise in YFI.
But Bitcoin went up to $ 14,000. YFI is down to $ 10,000, when will it see $ 45,000? or when will it rise to $ 100,000 as some people say

Today bitcoin price $13860 and YFI price below bitcoin and now price $10326

Details : https://coinmarketcap.com/currencies/yearn-finance/

[syedrasool2011]

i think YFI is better then bitcoin if bitcoin touch 20k then YFI will touch 40k.

[Senin]

i think YFI is better then bitcoin if bitcoin touch 20k then YFI will touch 40k.

I think that we will not see such a ratio of the prices of bitcoin and the YFI token. Now the price of bitcoin is $ 13,694, and the price of the YFI token is still falling and is now $ 9,511. Its capitalization is also falling. If at the recent peak of its price YFI had a capitalization level of just over one billion dollars, now it has fallen to a minimum of 285 million dollars. The hype around this token is over, investors have already switched to other profitable projects, and this one is unlikely to rise in price to $ 20,000.

[Fakhrulenclix]

I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.

Why someone thinks YFI is the compitator of bitcoin?

3 times more than bitcoin?? See the price now, only $9,5K and bitcoin 13K. The point is Defi coin will over and no one coin can be a competitor of bitcoin

[Alcor]

I think bitcoin is a digital cryptocurrency in the world cryptocurrency market and its rank in CMC number one... Otherwise YFI is the 24 ranked DeFi in CMC. But YFI price now 3 times more than bitcoin.

Why someone thinks YFI is the compitator of bitcoin?

3 times more than bitcoin?? See the price now, only $9,5K and bitcoin 13K. The point is Defi coin will over and no one coin can be a competitor of bitcoin

The bitcoin price has now risen to $ 14,269 and continues to rise.  At the same time, the YFI token continues to fall against this background.  Now its price is $ 8553, and its capitalization has dropped to $ 256 million.  If even with a good rise in the price of bitcoin, the YFI token continues to fall, then it is unlikely that it will be able to re-rise to at least half of its previous price record.  Investors in this token were left at a big loss.